FACTORS ASSOCIATED WITH EXTERNAL ENVIRONMENT
What Is Business Environment?
The term Business Environment is composed of two words ‘Business’ and ‘Environment? In simple terms, the state in which a person remains busy is known as Business. The word Business in its economic sense means human activities like production, extraction or purchase or sales of goods that are performed for earning profits.
In simple words, environment refers to the surrounding in which man lives and it consists of number of factors, conditions, and influences arising from different sources.